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We can see the price reversed after having +divergence happened by the end of the bearish trend. Currently it has reached the bearish trend line. We are expecting to have it moved bullish if 0.9266 breaks above strongly.

The pair continues its trading approaching from our main waited target at 0.9305, where the price gets good support from the EMA50, while Stochastic provides positive overlapping signal that supports the continuation of the bullish bias.

We remind you that monitoring the price when reaching the mentioned target is important, where breaching it will extend the gains initially towards 0.9550

Expected trading range for today is between: 0.9125 support and 0.9350 resistance.

The pair’s trading bounced lower after finding a difficulty to confirm surpassing the previously recorded top at 0.9220, to approach from the sideways range’s support at 0.9040, noticing that the price is drawing a potential double top, it might be a reason for more downside action which targets levels near 0.8900

Now, we need to stay aside, in order to monitor the price behavior according to 0.9040 support and 0.9125 resistance to confirm the next trend on the intraday basis.

Expected trading range for today is between: 0.8950 support and 0.9200 resistance.

In line with the previous comment, the price couldn’t break through resistant level and again it dropped beneath the trend line by supply pressure. As long as the trend line wouldn’t break above, we’ll expect not any change to the trend.

The pair found strong support at 0.9250, where this level hold against the pair attempts to decline, supported by Stochastic and the EMA50 positivity, which encourages us to prefer positive trading for today, where its targets begin at 0.9350

It is important to be aware that settling below 0.9250 will stop the positive suggested scenario.

Expected trading range for today is between: 0.9180 support and 0.9400 resistance.